North Carolina Mortgage Calculator — Median $340,000 Home Payment

Estimated Monthly Payment — Median North Carolina Home

$2,310

Based on $340,000 home · 20% down · 6.7% APR · 30-year fixed · taxes & insurance included

Median Price

$340,000

Property Tax

0.84%

Avg. HOA

$175/mo

Median Rent

$1,350/mo

Calculate Your North Carolina Mortgage Payment →

Free · No signup · Adjust every variable

Estimate only. Not a loan offer, approval, pre-approval, or financial advice. Actual payments and terms may vary. Consult a licensed mortgage professional before making real estate decisions.

Market Insights

About the North Carolina housing market

North Carolina's housing market is moderately priced for the region, with a median home price around $340,000. Charlotte is the largest metro, with Raleigh a close second. North Carolina is one of the fastest-growing states by population, with Charlotte and the Research Triangle pulling tech and finance workers from higher-cost states. North Carolina's effective property tax rate of 0.84% is below the national average.

The median North Carolina home costs $340,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,755, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $2,310. First-time buyers in North Carolina can explore programs through NC HFA.

Photo by Ryan M on Unsplash

Buying in North Carolina?

Explore NC HFA programs, check your affordability, and make confident decisions.

Learn about NC HFA programs →

FAQ

North Carolina mortgage FAQs

What's the property tax rate in North Carolina?

North Carolina's effective property tax rate averages about 0.84% — below the national average. On a $340,000 home, that's roughly $238/month or $2,856/year.

How much do I need to earn to afford a typical North Carolina home?

Using the 28/36 rule, a buyer would need roughly $87,000–$111,000 in gross annual income to comfortably afford North Carolina's $340,000 median home with 20% down at current rates.

What first-time buyer programs are available in North Carolina?

NCHFA offers the NC Home Advantage Mortgage with up to 3% down payment assistance and the NC 1st Home Advantage Down Payment providing up to $15,000 in assistance. Eligibility typically requires being a first-time buyer with income within program limits and completing homebuyer education.

Browse mortgage calculators by state

Explore median home data, property tax, and first-time buyer programs. Click any state to view its dedicated mortgage calculator page.